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WTI Crude Oil Trading

  • #6,241
  • Jan 31, 2020 10:34am Jan 31, 2020 10:34am
Longing 51.10 think ill be okay holding through weekend, not maxing leverage or anything.

SL 49.1x
rennstimp
  • #6,242
  • Jan 31, 2020 11:01am Jan 31, 2020 11:01am
Quoting renNstimpy
Longing 51.10 think ill be okay holding through weekend, not maxing leverage or anything. SL 49.1x

SL 50.10 not 49.1 whoops
rennstimp
  • #6,243
  • Jan 31, 2020 11:04am Jan 31, 2020 11:04am
Quoting renNstimpy
Longing 51.10 think ill be okay holding through weekend, not maxing leverage or anything. SL 49.1x
51 support looking strong?

I wouldnt advise futures since if 51-50 breaks shits gonna get extremely messy, but gl everyone!
rennstimp
  • #6,244
  • Jan 31, 2020 11:13am Jan 31, 2020 11:13am
Quoting renNstimpy
{quote} 51 support looking strong? I wouldnt advise futures since if 51-50 breaks shits gonna get extremely messy, but gl everyone!

Indices recovering a bit so oil moves in line with equity.
Hope you make some money.
persistence and determination alone are omnipotent
  • #6,245
  • Jan 31, 2020 11:15am Jan 31, 2020 11:15am
Quoting Ll1979
{quote} Indices recovering a bit so oil moves in line with equity. Hope you make some money.
Thanks and I hope you do as well!
rennstimp
  • #6,246
  • Jan 31, 2020 12:28pm Jan 31, 2020 12:28pm
Attached Image (click to enlarge)
Click to Enlarge Name: oil.png Size: 30 KB
Attached Image (click to enlarge)
Click to Enlarge Name: oil1.png Size: 25 KB
yes yes yes
  • #6,247
  • Jan 31, 2020 1:05pm Jan 31, 2020 1:05pm
Quoting renNstimpy
{quote} 51 support looking strong? I wouldnt advise futures since if 51-50 breaks shits gonna get extremely messy, but gl everyone!
Pussy'd out and filled 3/4 of order, ill take my few pips and sleep abit more easy
rennstimp
  • #6,248
  • Feb 1, 2020 6:00am Feb 1, 2020 6:00am
Quoting renNstimpy
{quote} Pussy'd out and filled 3/4 of order, ill take my few pips and sleep abit more easy
In these market conditions act like a pirate take what you can give nothing back

Inserted Video
persistence and determination alone are omnipotent
  • #6,249
  • Feb 1, 2020 6:02am Feb 1, 2020 6:02am
Inserted Video
persistence and determination alone are omnipotent
  • #6,250
  • Feb 1, 2020 12:31pm Feb 1, 2020 12:31pm
Quoting fool
is there a way to change your user name ? i think i have had my fun with this one . lol
Keep it, it suits you,
Ahh, only joking, speak to admin or register again.
I don't need to be good at the game, only good enough to beat my opponent,
  • #6,251
  • Feb 2, 2020 8:55am Feb 2, 2020 8:55am
Epic 1-2weeks of trading ahead...
Can you afford to take that chance?
  • #6,252
  • Feb 2, 2020 12:20pm Feb 2, 2020 12:20pm
Quoting auricforecas
Epic 1-2weeks of trading ahead...
Definately,


Here i my thoughts visually, any retest of that point A i will look for bearish signal there with stops near point A provided that the blue MA stay below the green MA.....


Im just waiting to see how we open to check out some numbers for the week and Monday...


Green Pips
Attached Image (click to enlarge)
Click to Enlarge Name: XTIUSDH1_LI.jpg Size: 695 KB
4&1 All Time Profit: $37,496
  • #6,253
  • Feb 2, 2020 8:05pm Feb 2, 2020 8:05pm
Quoting Cools81
Nothings changed imo. Sellside ONLY to 50.45. FROM 53.80-54.40 zone (SPOT).
Attached Image (click to enlarge)
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  • #6,254
  • Feb 2, 2020 9:51pm Feb 2, 2020 9:51pm
Attached Image (click to enlarge)
Click to Enlarge Name: oil.png Size: 29 KB
Attached Image (click to enlarge)
Click to Enlarge Name: oil1.png Size: 28 KB
yes yes yes
  • #6,255
  • Feb 3, 2020 7:28am Feb 3, 2020 7:28am
Seems like a lot of indecision. Still long though
  • #6,256
  • Feb 3, 2020 8:52am Feb 3, 2020 8:52am
Quoting MzansiObi
{quote} Definately, Here i my thoughts visually, any retest of that point A i will look for bearish signal there with stops near point A provided that the blue MA stay below the green MA..... Im just waiting to see how we open to check out some numbers for the week and Monday... Green Pips {image}
Short bias and outlook seems to be intact, price did catch a bid but didnt push high enough for my short to get filled, but just looking at Daily range, i am long here 50.09
SL 48.86
Tp Open...


Im still of the opinion we dropped too quick too soon following the previous bullish run, so expecting some correction/ consolidation before we can look tot challenge those 2018 lows
4&1 All Time Profit: $37,496
  • #6,257
  • Feb 3, 2020 9:23am Feb 3, 2020 9:23am
Quoting MzansiObi
{quote} Short bias and outlook seems to be intact, price did catch a bid but didnt push high enough for my short to get filled, but just looking at Daily range, i am long here 50.09 SL 48.86 Tp Open... Im still of the opinion we dropped too quick too soon following the previous bullish run, so expecting some correction/ consolidation before we can look tot challenge those 2018 lows
Not taking partial profits, just adjusting the stop loss to entry point

Let it run risk free....
Attached Image (click to enlarge)
Click to Enlarge Name: XTIUSDH1PM_LI.jpg Size: 577 KB
4&1 All Time Profit: $37,496
  • #6,258
  • Feb 3, 2020 9:42am Feb 3, 2020 9:42am
WTI hits below $50 for the first time in more than a year
3 February 2020, 19:24

 

  1. Crude oil selloff intensifies on Monday amid demand concerns.
  2. OPEC+ is considering to deepen output cut by 500K barrels per day.
  3. China's crude oil consumption reportedly declined 20% due to coronavirus.

The barrel of West Texas Intermediate (WTI) lost nearly 16% in January and extended its slide on the first trading day of February as markets continue to price the impact of the coronavirus outbreak on the global oil demand. According to Bloomberg, crude oil consumption in China has declined by nearly 20% due to the outbreak.
Demand outlook weighs on WTI
The WTI hit its lowest level since January 2019 at $49.91 in the last hour and recovered modestly to trade around $50.30, where it still losing 2.4% on a daily basis.
In the meantime, Reuters on Monday reported that the OPEC and its allies, OPEC+, is considering to deepen the oil output by 500,000 barrels per day to offset the negative impact of the dismal demand outlook on prices. Nevertheless, the WTI's positive reaction to this headline remained short-lived, suggesting that markets don't think that this measure will be enough to balance the market.
Earlier in the day, Analysts at Citi Group announced that they lowered their oil price forecast for the first quarter of 2020, citing a drastic shift in the economic outlook for China and globally amid the coronavirus outbreak.
Markets will be paying close attention to OPEC+ headlines as the group is reportedly planning an emergency meeting next week.

persistence and determination alone are omnipotent
  • #6,259
  • Feb 3, 2020 11:08am Feb 3, 2020 11:08am
gave up on the long. a daily close below 50 would be interesting
  • #6,260
  • Feb 3, 2020 12:48pm Feb 3, 2020 12:48pm
Could oil reach 42 ?
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